LULA DA SILVA: End of tax loophole risks dimming Shein’s IPO appeal, say investors
25 May 2025 - 08:55
Moves by authorities in the EU and elsewhere to end tax breaks for low-value parcels threaten Shein's profitability and risk denting the fast fashion retailer's long-term attractiveness ahead of its planned stock market debut, said investors who focus on the sector.
Shein, which sells $5 (R91) tops and $10 (R182) dresses online, confidentially filed early in June for a potential blockbuster initial public offering (IPO) in London, Reuters revealed last month...
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